Plano, TX (PRWEB) November 06, 2013
Mark Woeppel, president and CEO of Pinnacle Strategies, wrote a new blog post discussing how to make realistic risk assessment with remote teams. Traditionally, managers have tried to reduce this uncertainty by projecting completion times for projects based on the sum of individual task durations on the critical path. However, these task duration times are always suspect because there is uncertainty in the prediction. This blog post addresses the question of what is a project manager to do when due dates must be met and there is this uncertainty on top of uncertainty.
“The general solution to the schedule risk management problem is to gather estimates of the most likely task durations without safety from each task team, breaking apart the work from the safety,” stated Woeppel. “Then, create a time buffer for the entire project, approximately equal to half the critical chain.” Managing the buffer becomes the manager’s jobs. Woeppel continues, “task completion and buffer consumption are tracked collectively on a regular basis; the project team is able to make an accurate assessment of schedule risk and rapidly respond appropriately.”
Woeppel then explores what special considerations managers need to take when they manage the project buffer in remote teams, such as how distance insulates leadership from problems and how different teams have different ideas about risk and work.
Read the entire blog post here: http://pinnacle-strategies.com/blog/2013/11/making-realistic-risk-assessments-with-remote-teams/.
Read more practical solutions to managing distributed teams in Pinnacle Strategies’ new ebook, “Remote Control: How to Get Productive Teamwork from Distributed Project Teams” here http://pinnacle-strategies.com/remote-control-lp01.html. This publication reveals how to get distributed resources to work together as an effective team by creating a means to share, collaborate and communicate in a timely and inclusive manner.
About Pinnacle Strategies
Pinnacle Strategies is an international management consulting firm focused on operations management excellence. We work with organizations to increase shareholder value by developing high-performance business processes that significantly enhance productivity, reduce costs and time to market, improving profitability and accelerating sustainable growth. Pinnacle Strategies offers results-driven consulting solutions in the areas of performance management, project management, operations management, and supply chain.
For more information, contact Pinnacle Strategies at info(at)pinnacle-strategies(dot)com, or +1 972-492-7951.